Category: Stock Markets 2015
The analysis published under this category are as follows.Monday, February 23, 2015
Stock Market New Highs With Weak Breadth / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Is the 7-yr cycle sketching an intermediate top?
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. They are important adjuncts to the analysis of daily and weekly charts which ultimately indicate the course of longer market trends.
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Sunday, February 22, 2015
Stock Market New All Time Highs / Stock-Markets / Stock Markets 2015
The market started the holiday shortened week at SPX 2097. It made a new high on Tuesday, pulled back some, then another new high on Thursday, pulled back on options expiration Friday, then ended the week at new highs. For the week the SPX/DOW were +0.65%, the NDX/NAZ were +1.85%, and the DJ World index was +0.85%. On the economic front reports again came in biased to the downside. On the uptick: industrial production, building permits, leading indicators and weekly jobless claims improved. On the downtick: the NY/Philly FED, the NAHB, housing starts, the PPI, capacity utilization, and the monetary base. Next week we get reports on Q4 GDP, the CPI and more housing.
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Saturday, February 21, 2015
Dow New Stock Market All time High as Greece Surrenders to Germany / Stock-Markets / Stock Markets 2015
The Dow stocks index set a new all time high Friday, closing up 155 at 18,140, that actually marks the first new all time high of 2015 as the Dow more than recouped the weakness that began late December that had seen the Dow fall to a low of 17,037 by the start of February.
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Saturday, February 21, 2015
Greece Gets An Extension... Stock Market Froth Out Of Control.... / Stock-Markets / Stock Markets 2015
Early this morning we saw the futures pulling down as the Nasdaq in particular was very overbought on its short-term sixty-minute chart. Not just overbought but ugly overbought. Thankfully, we saw a nice little gap down to start the day and better yet, it ran lower. I turned my eye to the sixty-minute chart on the SPDR S&P 500 (SPY) to see where support was and once it hit the 20-day exponential moving average that was the end of the selling. Slowly, but very surely, the market started to climb its way back up. As the day moved on an agreement between the EU and Greece was reached for a four month extension and up we went yet again. Every excuse a bull can find is met with a ticks higher on the indexes.
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Saturday, February 21, 2015
The Morris Massey Stock Market / Stock-Markets / Stock Markets 2015
By Jared Dillian
I first started working in the financial markets—as a clerk on an options exchange—in November of 1999.
Four months before the top.
So over the first three formative years of my career, stocks only went down, not up. Not only did they go down, but they went down relentlessly. Demoralizing everyone. Extinguishing all hope.
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Saturday, February 21, 2015
Are Conditions Setting The Market Up For A Summer Washout? / Stock-Markets / Stock Markets 2015
Here is what we can quite confidently depend on.
The stock market makes most of its gains each year in a favorable period of November to May, and if there is a serious correction it usually takes place between May and October.
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Friday, February 20, 2015
Stock Market Topping Process is Nearing Resolution / Stock-Markets / Stock Markets 2015
A very small 12-point Minute Wave [v] ending at 2102.13 may have been all there is to this rally. Since then the Diagonal trendline has been broken and SPX remains beneath it. There seems to be only one alternate pattern…another Broadening Top formation, if it chooses to rally above the Diagonal trendline.
Today is a Trading Cycle Pivot day, while tomorrow is a Primary Cycle turn day. A decline beneath 2085.44 may confirm the decline has begun. A ramp to a marginal new high postpones the turn until Monday.
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Thursday, February 19, 2015
Fed Minutes Remove Rate Fears... Stock Market Sentiment Terrible Again...... / Stock-Markets / Stock Markets 2015
The one fear the bulls have more than anything is hearing from the Fed that a rate-hike cycle is about to begin. Any hint towards that reality would be bearish for the bulls short to mid-term, and they know it the way they know day turns to night. They know that the market can handle one rate hike as long as it's accompanied by a statement that alleviates the fears of a new cycle of hikes. The bulls know the Fed is being pressed in to raising rates by many other Fed Governor's, thus, the bulls could deal with a single hike but again, anything pointing to a cycle of hikes would be the kiss of death for this bull. So the fed minutes came out and she said any premature increase in rates could hurt the economic recovery. Wonder why she would say such a thing a I laugh out loud.
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Thursday, February 19, 2015
Stock Market Forecast 2015 And Your Trading Plan / Stock-Markets / Stock Markets 2015
US Stock Market On The Verge Of Exciting Times
The S&P 500 stock market has been under strong rotation since mid-2014. Rotation in the stock market is when the trend changes direction from an uptrend to a downtrend or vice versa. But the really exciting part is that after strong rotations in the market similar to what we are experiencing now, the stock market always makes massive moves to profit from shortly after.
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Tuesday, February 17, 2015
Lindsay Calls for Stock Market High This Week / Stock-Markets / Stock Markets 2015
“Given the uncertainty involved in two separate (but very close) date clusters for possible lows to the Dec sell-off, it seems best to consider the “official” forecast for the next low to be sometime between Jan 26 and Feb 3.” – January Lindsay Report
With the February 2nd intra-day low at 1,980 the forecast for a low has worked well. The February Lindsay Report laid out the case for a tradable high early this week. My own Hybrid Lindsay model (which combines Lindsay’s middle section counts with traditional cycle analysis) calls for a tradable high Feb 16-18. It can be a few days early or late so let’s call it sometime this week. Look for the subsequent pullback to last until 14-month and 21-week cycles bottom in March.
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Tuesday, February 17, 2015
Stock Market New Uptrend? / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market
Intermediate trend - Is the 7-yr cycle sketching an intermediate top?
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. They are important adjuncts to the analysis of daily and weekly charts which ultimately indicate the course of longer market trends.
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Sunday, February 15, 2015
In This Stock Market, Don't Drink the Kool-Aid / Stock-Markets / Stock Markets 2015
Michael E. Lewitt writes: Stocks hit new records last week as central banks around the world continued writing checks to prop up still struggling economies, the price of oil stabilized, Vladimir Putin lured the West into a phony truce in the Ukraine, and Athens and the EU tried to pretend that Greece isn't hopelessly insolvent or that it even matters if it is or isn't.
In other words, investors were once again all too willing to ignore economic reality and drink the Kool Aid being served by central bankers and politicians.
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Sunday, February 15, 2015
Stocks Bull Market Continues / Stock-Markets / Stock Markets 2015
New all time highs. The week started at SPX 2055, gapped down to open the week, then hit 2042 late Monday afternoon. That was the low for the week. Tuesday the market gapped up, and then made higher highs for the rest of the week culminating with an all time high at SPX 2097. For the week the SPX/DOW gained 1.55%, the NDX/NAZ gained 3.00%, and the DJ World index gained 1.75%. On the economic front reports were not quite as rosy. On the uptick: wholesale/business inventories. On the downtick: retail sales, export/import prices, the WLEI, plus weekly jobless claims and the budget deficit increased. Next week, after the Monday holiday, we get reports on the NY/Philly FED, Housing and Industrial production.
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Saturday, February 14, 2015
Nasdaq On Breakout...Greece On Deck / Stock-Markets / Stock Markets 2015
When you're either a few points above or below a critical area of resistance, not getting through doesn't mean you failed to make it and that things are heading south. On the other hand, if you clear resistance by just a few points it doesn't mean you're really made the breakout. You want to see a forceful failure or you want to see a forceful push through on the close. That tells you if things are bearish or bullish. So we'll just say the S&P 500 is real close to making a strong breakout and that could come on Tuesday if the news is just right on Monday. We'll talk about that later on in this letter. A close above today was good, but it's just not far enough above to call it a breakout in my world. I like at least half a percent, if not more on a closing basis. A nice day for the bulls as the oscillators stayed overbought on the short-term charts. Can you say froth? I think you can. It continues to rock on.
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Friday, February 13, 2015
EuroStoxx May be Completing Stock Market Top Pattern / Stock-Markets / Stock Markets 2015
STOXX may have completed an Ending Diagonal Minor Wave C of Intermediate Wave (5) this morning on its 189th day of the current Master Cycle with a nominal new high this morning. This can be attributed to the European GDP positive surprise reported this morning.
However, Greek bank liquidity is deteriorating rapidly. About 12 billion Euros were withdrawn from Greek banks in January and probably even more so after the snap election. It appears that we are on the cusp of some major changes in Europe, starting today or this weekend.
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Friday, February 13, 2015
Stock Market Kicked Can May Have Bounced Against a Wall / Stock-Markets / Stock Markets 2015
Here’s a new one. Micro Wave iii is 1.5 times the size of Micro Wave i. You would think that Micro Wave v would be 1.5 time the size of Micro Wave iii, but no…at 2089.04 Micro Wave v is 2X the size of Micro Wave iii! I have not seen such a combination before. Such is the life of an analyst in these times…full of surprises.
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Thursday, February 12, 2015
Stock Market Positive Expectations Following Ukraine Cease-Fire Deal / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified.
Our intraday outlook remains neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): neutral
Long-term outlook (next year): bullish
Wednesday, February 11, 2015
Stock Markets End of the 1-year Sideways Trend / Stock-Markets / Stock Markets 2015
Investors are starting to feel numb by the lack of action in the broad market. Since December, the Dow and SPX have settled into sideways trading ranges. The NYSE Composite (NYA) has been range-bound since last summer while the Russell 2000 (RUT) has been stuck in a lateral ranges for the past year. While trading ranges don't necessarily result in the loss of capital, its effect on the minds of market participants tend to be significant. Trading ranges are frustrating. When trading ranges become established over a period of months the effects upon investor and mass psychology can even be devastating.
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Tuesday, February 10, 2015
Stock Market Pop-n-drop Tuesday / Stock-Markets / Stock Markets 2015
Good Morning!
The [i] – [ii] Elliott Wave pattern appears to be nearing completion between 2056.00 and 2060.00. The Premarket is already geared up and USD/JPY has been summoned to help, completing a retracement to 119.44. Most of the currency pair’s strength comes from a brief surge in the USD, also this morning. It appears that the link between SPX performance and USD/JPY hasn’t broken yet. However, that may change as the Yen’s heretofore weak performance firms up.
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Monday, February 09, 2015
What Has Been the SPY's Pattern During the Past 5 Years? / Stock-Markets / Stock Markets 2015
This chart shows the SPY's action since 1995.
What can be seen on this chart?
First, is that the SPY has made a higher/high.
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